Consolidated statement of financial position

as at 31 December 2020

Millions of US Dollars

	Notes	2020	2019
ASSETS
Non-current assets		14,109	14,354
Property, plant and equipment	11	13,068	12,310
Right-of-use assets	12	591	1,647
Deferred tax assets	27	246	132
Goodwill		78	78
Derivative financial assets	16	21	87
Other assets	13	105	100
Current assets		1,925	2,245
Trade accounts and other receivables	14	822	981
Inventories	15	704	767
Prepaid and recoverable taxes	17	183	265
Derivative financial assets	16	33	55
Cash and cash equivalents	18	183	177
Total assets		16,034	16,599
EQUITY AND LIABILITIES
Equity		5,054	5,603
Share capital	19	—	—
Share premium		104	104
Revaluation reserve		5,267	4,866
Hedging reserve		(340)	117
Translation reserve		(2,110)	(1,747)
Retained earnings		2,016	2,088
Attributable to ordinary shareholders of the parent		4,937	5,428
Non-controlling interests		117	175
Non-current liabilities		7,900	7,795
Long-term borrowings	21	5,270	4,939
Long-term lease liabilities	22	470	999
Deferred tax liabilities	27	1,510	1,481
Derivative financial liabilities	16	314	5
Other liabilities	24	336	371
Current liabilities		3,080	3,201
Short-term borrowings	21	1,732	1,799
Short-term lease liabilities	22	147	225
Trade accounts and other payables	25	915	1,003
Derivative financial liabilities	16	102	7
Taxes payable	26	184	167
Total shareholders’ equity and liabilities		16,034	16,599

The comparative consolidated statement of financial position as at 31 December 2019 has been restated for the effect of the acquisition under common control described in note 33.

The accompanying notes are an integral part of these consolidated financial statements.